Showing posts with label boom. Show all posts
Showing posts with label boom. Show all posts

Wednesday, August 18, 2010

Texas Bills BP (NYSE:BP) And They Paid In Full

Instead of hearing whining and complaining from states who feel they haven't been adequately compensated by BP (NYSE:BP), Texas billed the company and got paid in full. Something to note also, the bill wasn't excessive and lacked the greed that some of the other states seem to have with the astronomical amounts being asked for.

The bill was for $174,295, according to Jim Suydam, Texas General Land Office spokesman. The charges include personnel and vehicle expenses related to the oil spill. A check was received Monday by the agency. The amount included the amount of $77,500 which was the amount used for fire boom that had been used during the initial oil spill cleanup.

Testing in July proved tar bars that were found on McFadden Beach were from BP's oil spill. Suydam stated that Texas will usually bill a party if scientifically identified. While expenses from an unknown source are covered by a tax in a fund on imported oil barrels.

Monday, August 16, 2010

BP (NYSE:BP) Has Already Paid Alabama $240 Million

While BP (NYSE:BP) does not normally comment on individual legal claims against them. The company wanted to make sure that the public knows how much money they have already paid out to Alabama for oil spill recovery costs.

The company says they have already paid out $240 million to mitigate the impact in Alabama. The amount does not include costs directly related to the spill, such as the Unified command response, skimmers, boom, and removal operations.

BP spokeswoman, Dawn Patience stated that the amount does include $87 million that was paid to out of work fisherman to serve in spill response rolls. Another $81 million has went towards claims already paid out. While $50 million went to the state and $22 million to tourist grants.

Patience said that the company recently sent out almost $8,000 letters to people who had filed claims with the company but remained outstanding, most had no documentation. The recipients of the letters were invited to workshops held last week, only about 300 people attended.

Tuesday, July 27, 2010

Where or Where Has The BP (NYSE:BP) Oil Gone ?

Over 200 million gallons of BP's (NYSE:BP) toxic crude oil was spewed into the ocean. The federal government and BP has sent a small army to clean it up, but the problem is they can't find it.


The oil slick mass is now the size of New Hampshire but started out the size of Kansas. The Coast Guard flew around the BP rig site and no oil could be found. An ABC News team surveyed a marsh area and the oil eluded them as well.

A shrimper, Salvador Cepriano is one of many searching for the oil. He said hes been putting out boom but it's not catching any oil. "I think it is underneath the water. It's in between the bottom and the top of the water," said Cepriano.

The government is says it's getting harder and harder to find the crude. Thad Allen, National Incident Commander said, "It is become a very elusive bunch of oil for us to find." This doesn't mean that all the oil is gone, but experts are saying that a massive amount has reabsorbed into the environment.

Monday, July 19, 2010

Island Sized Oil Slick Trapped Thanks to BP (NYSE:BP)

While so many have been watching for BP's (NYSE:BP) testing results on the sealing cap, a lot of people seem to forget about the massive oil slick that is trapped and traveling around the ocean. It is compared to the size of an island.

Roger Laferriere Coast Guard Captain, oversees the command center in Southern Louisiana. He is in charge of putting together exactly how the oil is to be cleaned up. He said there are routinely over 40,000 people are working along the Gulf Coast to track the oil. They skim oil when they can, clean the shorelines, and lay protective boom to minimize damage by the oil slick.

There are several analysts who feed satellite data into computerized maps that show where the oil is moving. There are also several fisherman and shrimpers who are involved with the cleanup. They work out of small docks and are out after sun up repositioning boom that has moved out of place, changing out the oil soaked boom, and repairing torn boom.

Stopping the leak has little to do with his mission over the next several months, "Even given that, we still have a lot of oil on the water. We're going to continue to push forward until all the oil is removed and the people of Louisiana can get back to their way of life. We're going to be here until the end," said Laferriere. He also meets with mayors, city councilmen, and parish presidents.

Thursday, July 1, 2010

BP (NYSE:BP) Civil Lawsuit, Plaintiff Wildlife Activists

It seems among the many civil lawsuits and class action lawsuits, BP (NYSE:BP) is facing yet another one, the plaintiff being wildlife activists. The plaintiffs are saying that endangered turtles are intentionally being put at risk by BP because they are getting trapped in the booms used for the collection of oil. Then the turtles are being burned by the controlled burns that BP is using to eliminate oil from the spill.

William Eubanks and Jason Burge, lawyers for the environmentalist have requested a restraining order against BP for any further activities in the Gulf that will threaten or put the endangered turtles further into harms way. The papers were filed in a New Orleans Federal Court yesterday. A simple solution would be for BP to check the corrals for the turtles before the oil is ignited, said the environmentalist. They are also claiming that the killing of these endangered turtles is viewed as an "illegal taking" of an endangered species under the environmental laws.

" BP has already killed or otherwise harmed" hundreds of the Kemp's Ridley, Loggerhead, and Leatherback's, among many other species of endangered turtles. BP is the only defendant named in the lawsuit. Tony Odone, BP's spokesman said they had no comment on pending litigation.

Friday, June 25, 2010

Oil Funds, Oil Options: Oil Companies Falling Short Exxon (NYSE:XOM), Shell (LSE:RDSA), Chevron (NYSE:CVX), ConocoPhillips (NYSE:COP), BP (NYSE:BP)

Edward Markey, a Democrat from Massachusetts criticized BP (NYSE:BP), Exxon Mobil (NYSE:XOM), Shell (LSE:RDSA), Chevron (NYSE:CVX), and Conoco Phillips (NYSE:COP) for not funding any new response and safety tools.

The tools being used in the BP oil cleanup in the Gulf of Mexico are pretty much the same tools that were used in the Exxon Valdez oil cleanup effort. Skimmers to collect the oil, booms to contain it, and the main weapon being used chemical dispersant's. Markey is proposing a bill that will broden oil options by using oil funds to the tune of $50 million being used to develop deep water drilling, and put it towards funding research for better oil spill clean up tools as well as new oil spill prevention methods.

Markey said, "the oil companies have been lying when they said they had the capacity to handle an emergency like the Deepwater Horizon spill. We can't afford to get stuck again without the tools to respond to a spill like the one we're seeing in the Gulf. It is clear that the oil companies have not created new solutions to keep their new drilling technologies safe."

Monday, June 21, 2010

BP (NYSE:BP) UPDATE: Fuel Spill containment

A group of reporters were able to tour the BP (NYSE:BP) oil rig on Saturday and see how the fuel spill containment was progressing. They flew along the Mississippi River Delta above the wetlands. They saw the ineffective boom floating as well as the skimmers. About 40 miles off the coast, they reach their destination which has a 200 foot derrick.

Wendell Guidry, the Transocean drilling superintendent that was on the rig said," its always, always on our mind." Work continues to press on around the clock. There are eight thrusters in place that keep the rig positioned correctly over the well. In the distance another rig is visible, it is siphoning oil and gas from the well and burning it. It appears the flames are coming down like a shower. There are ships surrounding this rig, their purpose is to hose of the deck to keep the heat from building.

Thad Allen, Coast Guard Administrator said that the drilling and construction of the relief wells is still ahead of schedule. Of course there can always be delays. Like on Saturday, a set of tongs which are used to hold the casings in place broke.

BP is still maintaining their drilling of the relief well should be completed sometime in August, of course there are no guarantees. Currently, they are close to 11,000 feet below the sea floor.

Thursday, June 3, 2010

BP (NYSE:BP) Setback, Oil Slick Almost To Florida

It took BP (NYSE:BP) 12 hours on Wednesday to free the saw that was stuck half way through the pipe they were cutting. Although, they did not give a time when they would resume their oil spill containment attempt, they did say they were preparing.

Meanwhile, the oil slick is within seven miles of Pensacola, Florida, ready to hit the area known as the sugar white beaches. Emergency workers are rushing to get the mile long boom link, designed to collect the oil, in place before the oil slick reaches the shoreline. Forecasters say the estimated arrival time for the slick is Friday.

As we've already seen what devastation the oil slick has caused in Louisiana, the outcome doesn't look any better for Florida. As well as the white sands beaches which inhabit much wildlife, there are also several Islands and bays that will feel the effects of the oil.

John Dosh, emergency director for Escambia County, which Pensacola is included in, said, "we are doing what we can, but we cannot change what has happened."

There has been much extra aid sent to the East Coast including boats, helicopters, and more staff. The helicopters will help spot oil in the water. The boats will help skim oil as well as place extra booms where needed to collect the oil.